News In : News   (Page 1)
  • Naira Exchanges For 475/$ As Forex Scarcity Persists
  • The naira on Friday exchange to the dollar at 475/$ at the parallel market as foreign exchange scarcity persisted. Continued volatility experienced in crude oil prices and low demand had continued to take its toll on th[...]
  • Date Posted:: 15/Aug/2020
  • Osun Empowers 2,038 Maize Farmers With N329m
  • Osun State said it has provided N329m as agricultural input loans, called Economies of Production, to maize farmers, under the Anchors Borrowers’ Programme, as part of its efforts to revitalise the agricultural sec[...]
  • Date Posted:: 15/Aug/2020
  • Lagos Imposes N20/Trip Levy On Uber, Bolt, Others
  • The Lagos State Government has said ride-hailing operators will pay a levy of N20 known as road improvement fund, on each trip their drivers make in a day starting from August 27. The state government disclosed this on[...]
  • Date Posted:: 15/Aug/2020
  • Prestige Assurance Shops for N6.8bn from Shareholders
  • Prestige Assurance Plc is shopping for N6.82 billion from existing shareholders through a rights issue. The move is part of efforts to meet the new minimum capital requirement stipulated by National Insurance Commission[...]
  • Date Posted:: 14/Aug/2020
  • Fitch: CRR Rule to Weigh on Nigerian Banks’ Income
  • Fitch Ratings has predicted that the Central Bank of Nigeria’s (CBN) cash reserve requirement (CRR) policy will hurt Nigerian banks’ earnings. “The Central Bank of Nigeria has been highly interventioni[...]
  • Date Posted:: 14/Aug/2020
  • Businesses Should Key Into N2.6tr Economic Package
  • THE Federal Government has asked businesses hard- hit by the impact of COVID -19 to take advantage of the N2.6 trillion  Economic Sustainability Plan initiated by the government. The government said the N2.6 trilli[...]
  • Date Posted:: 14/Aug/2020
  • Standard Chartered, Airtel Collaborate On Financial Inclusio...
  • Standard Chartered Bank and Airtel Africa have announced a strategic partnership to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. Throu[...]
  • Date Posted:: 14/Aug/2020
  • Investors Shun Cheap Stocks In Nigeria –Report
  • The Minister of State for Petroleum Resources, Timipre Sylva, has said the country needs an oil price of $70 per barrel and a production of two million barrels per day to sustain its budget. Sylva said the production cu[...]
  • Date Posted:: 14/Aug/2020
  • Investors Shun Cheap Stocks In Nigeria –Report
  • Nigerian stocks are signalling better returns than less-risky local debt markets, where rates are at the lowest in a decade. Yet investors are shunning the opportunity, wary of a mix of domestic and external threats, ac[...]
  • Date Posted:: 14/Aug/2020
  • ECA: CBN Fails To Account For $11bn, Reps Kick
  • The House of Representatives kicked on Thursday as the Central Bank of Nigeria failed to account for the $11bn withdrawn from the Excess Crude Account for the implementation of the failed National Integrated Power Projec[...]
  • Date Posted:: 14/Aug/2020
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